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The Contingency Fee Retainer Agreement is essential in Nigerian legal practice where clients seek legal representation but prefer or need to defer payment of legal fees until a successful outcome is achieved. This document is commonly used in litigation matters, personal injury cases, debt recovery, and other claims where monetary recovery is anticipated. It provides a detailed framework for the attorney-client relationship, specifically outlining how the contingency fee will be calculated, what expenses are covered, and the respective rights and obligations of both parties. The agreement must comply with Nigerian legal requirements, including the Legal Practitioners Act and the Rules of Professional Conduct. It is particularly valuable for clients who might otherwise be unable to afford legal representation, as it aligns the interests of the attorney and client in achieving a successful outcome. The document typically includes comprehensive provisions for various scenarios, including early termination, settlement, and appeal procedures.

1. Parties: Identification of the attorney/law firm and the client with full legal names and addresses

2. Background: Brief context of the legal matter and the basis for entering into a contingency fee arrangement

3. Definitions: Key terms used throughout the agreement including 'Contingency Fee', 'Recovery', 'Costs', and 'Legal Matter'

4. Scope of Services: Detailed description of legal services to be provided and the specific matter being handled

5. Contingency Fee Structure: Clear specification of the percentage fee and how it applies to different recovery scenarios

6. Costs and Expenses: Explanation of how costs and expenses will be handled, including which party bears responsibility for what expenses

7. Method of Payment: Process for handling and distributing recovery proceeds and payment of the contingency fee

8. Client's Rights and Responsibilities: Outline of the client's obligations and rights throughout the representation

9. Attorney's Rights and Responsibilities: Outline of the attorney's obligations and rights throughout the representation

10. Termination: Conditions and process for terminating the agreement, including fee calculations in such events

11. Governing Law: Specification that Nigerian law governs the agreement and relevant jurisdictional details

12. Execution: Signature blocks and execution requirements